Search found 12108 matches

by Watty
Thu Jan 18, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 13
Views: 839

Re: Job terminated. Convert small pension to lump sum or annuity?

Do those annuities start now?

If so then one option if you are not maxing out all your retirement accounts would be to take the annuity and also increase your 401k(or similar) contributions by $101.21 a month. Those would basically cancel each other out on your taxes.
by Watty
Thu Jan 18, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: 60 year old mom - keep investing?
Replies: 2
Views: 435

Re: 60 year old mom - keep investing?

Her investments are way too complicated. I would just move everything a company that has low cost mutual funds like Vanguard and then she could just put the bulk of it into a Target Date Income fund or the Target Date 2020 fund. Since these are all in retirement accounts there would not be any tax i...
by Watty
Thu Jan 18, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Formula to determine if Pre-tax is worth Higher Fees
Replies: 13
Views: 541

Re: Formula to determine if Pre-tax is worth Higher Fees

Assuming there is no company match, can someone provide me with a formula that would help me determine if Pre-tax advantages outweigh higher fees on a 457plan? In other words, at what fee level should one just do post tax investing? We will likely be in the 22% tax bracket this year. There is a sec...
by Watty
Thu Jan 18, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 22
Views: 1618

Re: 10 years expenses in FI

One thing to think through if you try to follow an "10 years expenses" plan is what happens next year when you are down to 9 years expenses?

If you just rebalance to get back to ten years expenses then how is that different than if you just kept something like a 60/40 (or whatever) asset allocation.
by Watty
Thu Jan 18, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 98
Views: 3751

Re: Short Commute or Nicer House?

more modern (2005) One more thought. A house built in 2005 may have a lot of maintenance costs in the next ten years as things like the Roof, furnace, A/C, kitchen appliances, hot water heater, etc all get to be 20 years old and need normal replacement. The newer house could actually be more expens...
by Watty
Thu Jan 18, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 98
Views: 3751

Re: Short Commute or Nicer House?

One thing to consider is where you might be working at if you change jobs in a few years. The higher maintenance costs of the older home will likely be more than offset by the lower commuting costs so that may not be a factor. In addition to the gas commuting 40 miles a day from the suburbs is aroun...
by Watty
Thu Jan 18, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 43
Views: 2755

Re: Exit strategy for bitcoin

stimulacra wrote:
Thu Jan 18, 2018 1:02 am
If owning bitcoin to diversify your asset allocation…
Buying Bitcoin(or similar) is not diversifying your portfolio anymore than buying lottery tickets would be.
by Watty
Wed Jan 17, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 43
Views: 2755

Re: Exit strategy for bitcoin

Your exit strategy is to bail when it was at $20,000. Failing that, I would bail ASAP. I hadn't bought it yet when it was at 20K$! :D I bought it when it had fallen at ~ 15K$ and thought I had made a bargain! :D :oops: Then sell it even faster. If you were not able to time the original purchase the...
by Watty
Wed Jan 17, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2272

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

I was wondering if it's typical for an IRA company to charge $500+ for their part in the process of transferring from my mother's traditional IRA to a beneficiary IRA in my name, and then to the custodian of my choice One more thought. You may be making this too complex by trying get them to plan t...
by Watty
Wed Jan 17, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 39
Views: 2743

Re: Lost Job. Retirement/Portfolio Advice

Question: Talked to two brokerage reps about opening a Roth IRA starting this year. One said I can't without my employer contributing earnings to the account as well. The second one said I could open a Roth and contribute the maximum $6000 per year and employer contribution is not necessary even if...
by Watty
Wed Jan 17, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2272

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

When transferring an IRA various "account closing" or "account transfer" fee of $50 to $150 are not uncommon. For example here is where Fidelity charges $50 for and "account closeout fee". See the Fee information tab. https://www.fidelity.com/trading/commissions-margin-rates This is normally a very ...
by Watty
Wed Jan 17, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1486

Re: London/Paris Trip Questions

3. I plan to bring enough cash (maybe with a little extra) to spend there, and will also bring my only credit card (Costco visa) just in case we need it? So we will have two credit cards (mine and my husbands). Do you see any problem here? I really don't want to open another credit card if not nece...
by Watty
Wed Jan 17, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Retiree
Replies: 9
Views: 696

Re: Portfolio Help for Retiree

There is too much missing information to be able to give any sort of good suggestion. You will get better responses if you post your information in this suggested format.(more or less) https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 The part where you said "I'm mostly invested in equities"...
by Watty
Wed Jan 17, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Critique for my Father
Replies: 14
Views: 1502

Re: Retirement Critique for my Father

Vanguard will manage his account for only 0.3% and not put him into any terrible funds. https://investor.vanguard.com/financial-advisor/financial-advice You might suggest that he move there. In a few years when his account is cleaned up and more manageable he can stop paying for vanguard to manage i...
by Watty
Wed Jan 17, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Friend Got Laid Off - Advice Needed
Replies: 46
Views: 4812

Re: Friend Got Laid Off - Advice Needed

He helped me become a Boglehead..... One thing to suggest is that he post here himself. Eh, he should probably look at ACA if he is eligible for it as it might be much less expensive than COBRA. Losing a job should qualify for enrollment outside of the annual period. I would be cautious about using...
by Watty
Wed Jan 17, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Turning $45K of stocks into BH-worthy portfolio
Replies: 8
Views: 884

Re: Turning $45K of stocks into BH-worthy portfolio

I have $45K in my employer 401K, where I contribute 7%. I have another $20K in an IRA with T Rowe Price that has been doing great. I also have another $30K in my old govt job TSP (which I would also consider consolidating/exiting the TSP). With being single and having a relatively high income you a...
by Watty
Wed Jan 17, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4040

Re: Anyone pondering moving to a cheaper place and downsizing?

One thing that has not been mentioned is the the possibility of staying in the same city but moving farther out when you retire and your commute does not matter. In many areas housing that is 30 or 45 minutes farther out can be dramatically less expensive. Someone mentioned the availability of good ...
by Watty
Tue Jan 16, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Travel to Rome Italy - Recommendations
Replies: 21
Views: 1186

Re: Travel to Rome Italy - Recommendations

See the Rick Steves books and web site for the information on tickets and passes since that changes from year to year, and the season may make a difference too. I suspect that at this point you it will be too late to get your own tickets to the Vatican but you should be able to get in with a tour gr...
by Watty
Tue Jan 16, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2025

Re: 23 Years Old, Uncomfortable with Target Date Funds

1. Any thoughts on my decision to opt for the 401a/Defined Contribution option instead of the pension? I get to make this decision again in my fifth year of teaching---when it will be binding. I chose the 401a/DC option for several reasons: That sounds reasonable. 2. I'm planning on moving out of t...
by Watty
Tue Jan 16, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4040

Re: Anyone pondering moving to a cheaper place and downsizing?

I have been accused of sounding like a broken record in suggesting that people in HCOL areas should consider moving to less expensive areas. I was in a much different situation when I was living in the Bay Area which has always been expensive and when I was in my early 30's and looking at buying my ...
by Watty
Tue Jan 16, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning in Mid-20's
Replies: 8
Views: 1061

Re: Retirement Planning in Mid-20's

The plan as of today is to continue contributing the 20.5% into my Roth 401(k).... I would be cautious about choosing a Roth when you can make deductible contributions. It sound like you are single and single people get into the higher tax brackets a lot quicker than married people. A married coupl...
by Watty
Tue Jan 16, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning in Mid-20's
Replies: 8
Views: 1061

Re: Retirement Planning in Mid-20's

What are the commons means of income for the period of time of being in retirement but unable to draw from 401(k) WITHOUT penalty? There is also a wiki on SEPP withdrawl plans. https://www.bogleheads.org/wiki/Substantially_equal_periodic_payments Most, but not all, 401k plans allow you to make pena...
by Watty
Tue Jan 16, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Asset Allocation
Replies: 1
Views: 186

Re: Thoughts on Asset Allocation

The Vanguard 2050 Target Date fund is 10% bonds and you are at 15% so that is in the same ballpark but being more conservative there may be the opposite of all the tilting you are doing. https://personal.vanguard.com/us/FundsSnapshot?FundId=0699&FundIntExt=INT&ps_disable_redirect=true With all the s...
by Watty
Tue Jan 16, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: have about 400k of new money coming in
Replies: 8
Views: 1343

Re: have about 400k of new money coming in

There is a wiki on managing a windfall that might be helpfull.

https://www.bogleheads.org/wiki/Managing_a_windfall
by Watty
Tue Jan 16, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2477

Re: Do people in the forum hold foreign bonds?

I am surprised that so few people own foreign bonds.

I have seen the past threads about them and understand the negative arguments but to me having them in my Target Date fund seems like a reasonable choice for diversification in case things get weird(er).
by Watty
Tue Jan 16, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Suggestion Needed!
Replies: 5
Views: 197

Re: Investment Suggestion Needed!

Will work another several years part-time and will not draw from my retirement until 67. That would be 2028. The 2025 target date fund would be a good generic choice without knowing more of your details. I would use the 2025 fund instead of the 2030 fund because there is a chance you will not end u...
by Watty
Tue Jan 16, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can We Retire in Hawaii? Please Critique
Replies: 132
Views: 9789

Re: Can We Retire in Hawaii? Please Critique

One thing you might want to do is to look at your numbers as if you are buying instead of building. This would give you firmer numbers to work with and give you a better idea of what is possible. I would be cautious about the plan on homeschooling your kids to make this work since being able to do t...
by Watty
Tue Jan 16, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 937

Re: US escorted tours

Driving anywhere unfamiliar can be stressful so be kind when a foreigner doesn't want to drive here! There is nothing "wrong" with taking a tour! +1 Especially in urban or suburban areas where driving is even harder. In much of the US public transportation is limited or nonexistent so taking an org...
by Watty
Tue Jan 16, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds
Replies: 13
Views: 1546

Re: Target Retirement Funds

What is your opinion of target funds in general; and these specifically? The main reasons not to use a target date fund are; 1) You also have retirement money in taxable accounts so tax efficiency is a concern. 2) You don't have a good low cost target date fund in your 401k. Before I retired I did ...
by Watty
Tue Jan 16, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 937

Re: US escorted tours

quantAndHold wrote:
Tue Jan 16, 2018 12:35 pm
Road Scholar.
+1, but only if they are in at least in their 50's.
by Watty
Tue Jan 16, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best choices in horrible (IMO) 401k plan
Replies: 15
Views: 512

Re: Best choices in horrible (IMO) 401k plan

Not great, but the S&P 500 fund is a fine choice for a 401k plan. Just put everything in there. Hold bonds and international in your separate Roth accounts where you can buy whatever you like. No need to hold multiple funds in every account. Your portfolio can be treated as one. +1 The ER may be .5...
by Watty
Tue Jan 16, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 49
Views: 2935

Re: Considering PhD...but so much to consider...

Another thought. Why not find a school district to work for that is on the beach?
by Watty
Tue Jan 16, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 49
Views: 2935

Re: Considering PhD...but so much to consider...

Personally, I would start with the question "what do I want to do with my life?" and go from there. Once that is settled, you can figure out the money part. Be financially independent and live on the beach.. crap, now what :P Many people with Phd's want to do that until they are in their 80's.
by Watty
Tue Jan 16, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3014

Re: PTO policy after international business travel

If the jet lag affects your so badly then be especially careful about driving. One thing I have not seen mentioned is that you should talk to your doctor about the jet lag. There could be some medical issue involved not only with the time zone changes but spending long periods of time spent in an ai...
by Watty
Tue Jan 16, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 49
Views: 2935

Re: Considering PhD...but so much to consider...

A PhD isn't a set amount of time. It takes as long as it takes you to complete a body of work that results in a dissertation that your committee agrees is worthy of granting a PhD. That might be 5 years. It might be 9. IT MIGHT NEVER HAPPEN. I know people who walked away in year 6 without the PhD b...
by Watty
Tue Jan 16, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Retiring at 46 - Need Help with Allocation
Replies: 10
Views: 1361

Re: Retiring at 46 - Need Help with Allocation

A 3.5% annual safe withdrawal rate on $2.5M is ~$87,500. The less conservative 4% withdrawal rate is $100,000. Anything above 4% the failure rate grows quickly. The often quoted 4% safe withdrawal rate is based on a 30 year retirement so with your potential 50 year retirement it will have to be a l...
by Watty
Tue Jan 16, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Can We Retire in Hawaii? Please Critique
Replies: 132
Views: 9789

Re: Can We Retire in Hawaii? Please Critique

If you do move to Hawaii it would be good to rent for a while to make sure that you actually like living in Hawaii since living there is a lot different than visiting there. One potential problem is allergies. I know one couple that decided to move to Hawaii to live only to find out that one of them...
by Watty
Tue Jan 16, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17095

Re: Call the top! - Bitcoin

I have not really been following Bitcoin but this caught my eye when it was in the news a few days ago,
A bitcoin conference has stopped taking bitcoin payments because they don't work well enough
https://www.cnbc.com/2018/01/10/bitcoin ... ments.html
by Watty
Mon Jan 15, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Possible retirement?
Replies: 10
Views: 1067

Re: Possible retirement?

mbpi wrote:
Mon Jan 15, 2018 6:25 pm
I calculate we need about $86 k per year after taxes.
That sounds like it would be well over $100K a year before taxes.

That is a lot, especially if you have a paid off house. I would take a hard look at your expenses to make sure that it is realistic or if you could reduce it somehow.
by Watty
Mon Jan 15, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Leaving FA, seeking sense check on asset allocation with SRI
Replies: 3
Views: 346

Re: Leaving FA, seeking sense check on asset allocation with SRI

It would be good to consider what the taxable account will be used for some day. It might not be for retirement so if the best guess is that it would be used for something like buying a car for cash or a home in ten years then it would be invested separately using an appropriate asset allocation for...
by Watty
Mon Jan 15, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay off mortgage (considering investment returns)
Replies: 9
Views: 1568

Re: Best way to pay off mortgage (considering investment returns)

There is a wiki on this choice and no consensus on what is best. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing Option 3: $100k down payment, $2,147 mortgage payment, $50k immediate mortgage payment, $2,147 invested monthly for 7.2 yrs This option makes no sense because a lot of ...
by Watty
Mon Jan 15, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Company 401k - is this optimal?
Replies: 8
Views: 576

Re: Company 401k - is this optimal?

Depending on your age, you could simplify by just using the target retirement 2040 which is 85% stocks and 15% bonds. You are complicating things by using the target date with a balanced fund and numerous index funds. +1 The main reason not to a target date fund is if you also have retirement money...
by Watty
Mon Jan 15, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 105
Views: 5881

Re: Looking for a reasonably priced, safe international destination

I'm not sure what the range is for "reasonably priced". I'm going to suggest New Zealand as a good 'safe' international vacation for a family. If New Zealand is "reasonably priced" then the world is your oyster... The OP is only going for a week from Baltimore, with a 6 and 3 year old. With connect...
by Watty
Mon Jan 15, 2018 9:00 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2477

Re: Do people in the forum hold foreign bonds?

I mainly own the a Vanguard Target Retirement 2015 fund and it is about 14% international bonds.

For comparison it is about 44% US bonds and TIPS.

https://personal.vanguard.com/us/funds/ ... true#tab=2
by Watty
Mon Jan 15, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Mom (86) -Recommended Investments/Assett Allocation
Replies: 6
Views: 638

Re: Mom (86) -Recommended Investments/Assett Allocation

A lot really depends on the rest of her tax situation and health, and if the the money is is taxable accounts or retirement accounts. Generic vanilla recommendations would be; 1) The Vanguard Target Date Income fund. https://personal.vanguard.com/us/funds/snapshot?FundId=0308&FundIntExt=INT&ps_disab...
by Watty
Mon Jan 15, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security “Hump” and the new tax rates???
Replies: 10
Views: 2405

Re: Social Security “Hump” and the new tax rates???

Could you clarify where things seem to go awry? I tried it in Google sheets then Libreoffice and it was not showing any lines on the graph. It could be the version like the last post mentioned but I was able to figure out what I needed manually so I am not going to spend any more time trying to get...
by Watty
Sun Jan 14, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 877

Re: [Should I do a Roth conversion?]

[Split into a new thread from: Roth conversion advice --admin LadyGeek] Forgive me if i should start a new thread- or if there is a great applicable thread..my first post/first day on forum. I plan to retire in about 2 yrs, about age 60. Can't use Roth until then. Have about 75% of my savings in tI...
by Watty
Sun Jan 14, 2018 11:40 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 83
Views: 9022

Re: Aug. 2017 US total eclipse hotel reservations.

Curious how all of the eclipse hoopla turned out... were roads "packed for days" as stated earlier in the thread? We had a BnB in Murfreesboro, just outside Nashville Tennessee. The BnB would have been in totataly for about 30 seconds so a couple of hours ahead of time we headed out to a huge socce...
by Watty
Sun Jan 14, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security “Hump” and the new tax rates???
Replies: 10
Views: 2405

Re: Social Security “Hump” and the new tax rates???

One may generate similar charts using the personal finance toolbox spreadsheet. E.g., for a single 64 year old with $24K SS benefit and $2K in qualified dividends: I looked at that link but I could not find the a graph like that. Where was that? The graph is on the 'Calculations' tab, starting ~cel...